1. Fuchuang precision products extend from structural components with relatively simple processes to process components, and then to gas pipelines and modules. In the short term, the revenue share of modules has increased rapidly, and breakthroughs in module products may It will be an important part of making the company bigger and stronger in the future.
2. The total output value of the company's new Shenyang factory, Nantong factory and Beijing factory after reaching full production will reach 6 billion/year. Customers include leading domestic and foreign equipment manufacturers. A stable customer base is the biggest guarantee for Fuchuang Precision's sustainable operation and overall risk resistance.
3. The company's ROA and ROE continue to decline, and asset operation efficiency declines. On the one hand, the company's production expansion has affected the utilization rate of the current production lines and increased the company's construction projects and fixed expenses. On the other hand, the revenue structure has changed, and the revenue share of low-margin products has increased, resulting in short-term ROA and profitability declined.
Promote domestic parts and components to enter leading domestic and foreign equipment manufacturers
Shenyang Fuchuang Precision Equipment Co., Ltd. (stock abbreviation: Fuchuang Precision, stock code: 688409) was established in 2008. It has twice undertaken the national "02 Major Special Project" and currently has 4 of the 7 major categories of parts and components. With a product line, it is one of the few platform-type precision component manufacturers in China that can mass-produce semiconductor equipment used in the 7nm process. The product has been verified by many leading domestic and foreign semiconductor equipment manufacturers.
In 2011, it first reached cooperation with customer A, the world's leading semiconductor equipment manufacturer. In 2016, it became a strategic supplier of customer A,
and has successively entered Tokyo Electronics, HITACHI High- Supplier of leading global semiconductor equipment manufacturers such as Tech and ASMI. In the domestic market, our products have entered mainstream domestic semiconductor equipment manufacturers such as Northern Huachuang, China Microelectronics Corporation, Tuojing Technology, Huahai Qingke, Xinyuan Micro, and Keshitong, and have become their qualified suppliers to help the domestic semiconductor equipment industry. The chain completes the closed loop.
Products complete platform layout
Fuchuang Precision's main products cover core equipment such as etching, thin film deposition, photolithography and glue development, chemical mechanical polishing, and ion implantation in semiconductor equipment. It supplies 7,000 to 8,000 types of parts every year, totaling 700,000 to 800,000. Parts, the main categories involved are: mechanical parts (process and structural parts), electromechanical parts (including module products other than gas cabinet modules), gas/liquid/vacuum system parts (corresponding to Gas pipeline and gas cabinet module products), covering all semiconductor front-end equipment, and some products are used in display panels and other equipment.
The company's products extend from relatively simple structural components to process components, and in recent years have begun to extend to gas pipelines and modules. Among them, process parts and structural parts, and gas pipelines are purchased from metal raw materials and manufactured according to drawings. Modular products are assembled from self-made parts such as process parts and purchased parts. The purchased parts are mainly mechanical standard parts and electronic parts. For standard parts, more than 3,000 types of first pieces are delivered to customers every year, and more than 2,000 types of first pieces are mass-produced.
Fuchuang Precision's representative works of process components include chambers (divided into transition chambers, transmission chambers and reaction chambers according to their functions), linings and air distribution disks, which are mainly used in etching equipment and thin film deposition equipment, and have been used in 7nm semiconductor equipment; structural component products mainly include tray shafts, cast steel platforms, flow meter bases, stator cooling jackets and cooling plates, which are mainly used in chemical mechanical polishing equipment, etching equipment, thin film deposition equipment, and thin film deposition for manufacturing display panels. Equipment and glue coating and development equipment; module products mainly include ion implanter modules, transmission cavity modules, transition cavity modules, etching valve body modules and gas cabinet modules.